Overview
What is Advantage Credit Counseling Service Inc?
Advantage Credit Counseling Service Inc is a nonprofit organization situated in Pittsburgh, Pennsylvania. Their primary mission is to offer credit counseling and educational services to the public, aiming to help thousands of clients create budgets, explore debt repayment options, and administer debt management programs when necessary. In addition to aiding clients, they provide financial literacy education and are approved by HUD and the Pennsylvania Housing Finance Agency to deliver comprehensive housing counseling services. These services include counseling Pennsylvania homeowners facing foreclosure, intervening with mortgage lenders, and assisting with applications for the state's Homeowners Emergency Mortgage Assistance Program. For first-time homebuyers, they offer guidance throughout the home buying process, and they also provide reverse mortgage counseling to senior homeowners. Overall, Advantage Credit Counseling Service Inc strives to promote wise money management and responsible credit use within their community.
Official website here: www.advantageccs.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 96%, Four-Star out of Four Star rating.
Advantage Credit Counseling Service Inc has received a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial management. The charity scores 90% in Accountability & Finance, showcasing effective governance with an independent board comprising 83% independent members. This level of oversight contributes to their high ratings in financial statements and conflict of interest policies, indicating a well-regulated organization.
The organization has demonstrated exceptional financial health, with a low liabilities to assets ratio of 18.12% and a program expense ratio of 72.88%. These metrics highlight a focus on using funds efficiently for program services rather than administrative costs. Furthermore, the organization excelled in various leadership metrics, achieving a 100% score in Leadership & Adaptability, which suggests that they are responsive to changing needs and maintain a clear strategic direction.
Overall, Advantage Credit Counseling Service Inc's strong performance across multiple evaluation criteria indicates a reliable and transparent nonprofit that is effectively serving its mission. Their commitment to best practices and financial integrity is a significant strength, although there are no noted limitations in the data provided.
This AI summary has been generated from information found on Charity Navigator.
Is Advantage Credit Counseling Service Inc legitimate?
Advantage Credit Counseling Service Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Advantage Credit Counseling Service Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $157,933
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,099,998
For more financial information, click here
Official website here: www.advantageccs.org
What is the mission statement of Advantage Credit Counseling Service Inc?
Advantage Credit Counseling Service Inc, as a non-profit organization, offers comprehensive, professional, and confidential consumer education and budget/credit counseling services to the public. Their mission is to develop effective debt reduction programs for various community segments while educating individuals about wise money management and responsible credit usage. The agency provides assistance in creating budgets, exploring debt repayment options, and administering debt management programs when necessary. Furthermore, Advantage Credit Counseling Service Inc offers financial literacy education to its clients and the general public. Additionally, the organization is approved by HUD and the Pennsylvania Housing Finance Agency to deliver comprehensive housing counseling services, including assisting homeowners facing foreclosure with loss mitigation options and helping them apply for the state's Homeowners Emergency Mortgage Assistance Program. The agency also provides guidance to first-time homebuyers and senior homeowners seeking reverse mortgage counseling.
Official website here: www.advantageccs.org
Who is the CEO of Advantage Credit Counseling Service Inc?
Gary J Vollmer is the President & Ceo of Advantage Credit Counseling Service Inc. The CEO's salary of Advantage Credit Counseling Service Inc is $138,084 and their total compensation is $157,933.
Official website here: www.advantageccs.org
What is the revenue of Advantage Credit Counseling Service Inc?
Advantage Credit Counseling Service Inc's revenue in 2022 was $2,017,935.
Official website here: www.advantageccs.org
Who are the executives of Advantage Credit Counseling Service Inc and what are their salaries?
The average compensation at Advantage Credit Counseling Service Inc during 2022 was $44,926. There are 28 employees at Advantage Credit Counseling Service Inc.
Here are 12 key members and their salaries (Advantage Credit Counseling Service Inc's CEO's salary is $138,084 and their total compensation is $157,933):
- Compensation: $138,084
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- Other: $19,849
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Official website here: www.advantageccs.org
Where can I find the form 990 for Advantage Credit Counseling Service Inc?
Advantage Credit Counseling Service Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.advantageccs.org
Learn more at the official website: www.advantageccs.org
Mission Statement of Advantage Credit Counseling Service Inc
Advantage Credit Counseling Service Inc, as a nonprofit organization, is committed to providing meaningful, professional, and confidential consumer education and budget/credit counseling. Their mission is to develop effective debt reduction programs for various segments of the community. The agency educates individuals about wise money management and the responsible use of credit. By offering credit-counseling and educational services, Advantage Credit Counseling Service Inc aims to help consumers understand their financial situations and make informed decisions.
In addition to credit counseling, the agency also provides financial literacy education to its clients and the public. This education is designed to empower individuals with the knowledge needed to manage their finances effectively. Advantage Credit Counseling Service Inc is approved by HUD and the Pennsylvania Housing Finance Agency to provide comprehensive housing counseling services. This includes counseling homeowners in danger of foreclosure on various loss mitigation options, intervening with their mortgage lenders, and assisting with applications for the state's Homeowners Emergency Mortgage Assistance Program.
Furthermore, Advantage Credit Counseling Service Inc counsels first-time homebuyers on the entire home buying process. They also provide reverse mortgage counseling to senior homeowners, ensuring that they make informed decisions about their financial future. By offering a wide range of financial counseling services, Advantage Credit Counseling Service Inc is dedicated to helping individuals and families manage their debts and finances effectively, leading to financial stability and security.
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Impact
October, 2024
Advantage Credit Counseling Service Inc significantly impacts individuals and families by providing essential education and professional credit counseling services. Through its efforts, the organization has helped thousands of clients develop sustainable budgets and explore viable options for repaying debts. The provision of a debt management program has further supported those struggling with financial obligations, alleviating stress and promoting healthier financial habits.
In addition to debt management, the agency offers comprehensive financial literacy education, equipping clients with the knowledge to make informed decisions about their finances. This educational aspect extends to housing counseling, where the agency assists Pennsylvania homeowners facing foreclosure, guiding them through loss mitigation options and facilitating communication with mortgage lenders. Furthermore, the organization supports first-time homebuyers by counseling them on the entire purchasing process and offers reverse mortgage counseling to senior homeowners, helping them navigate their unique financial needs.
Overall, Advantage Credit Counseling Service Inc fosters financial well-being within the community by promoting wise money management, encouraging responsible credit use, and developing effective debt reduction programs tailored to meet the diverse needs of all community segments.
This information is meant to be a general summary of Advantage Credit Counseling Service Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $673
- Program Service Revenue: $541,222
- Gross Receipts: $2,019,244
Assets and Liabilities:
- Total Assets: $1,964,175
- Total Liabilities: $416,940
- Net Assets: $1,547,235
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLIENT FEES
Revenue
$496,457
BANKRUPTCY COUNSELING
Revenue
$44,765
Organization Details
Founding Year
1968
Phone
(412) 390-1300Principal Officer
Gary J Vollmer
Main Address
2403 SIDNEY STREET SUITE 250, PITTSBURGH, PA, 15203
Website
www.advantageccs.orgNTEE Category
Code: P51 - Human services
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